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Oracle Financials Cloud: General Ledger 2023 Implementation Professional: 1z0-1054-23 Exam
"Oracle Financials Cloud: General Ledger 2023 Implementation Professional", also known as 1z0-1054-23 exam, is a Oracle Certification. With the complete collection of questions and answers, BraindumpsPass has assembled to take you through 52 Q&As to your 1z0-1054-23 Exam preparation. In the 1z0-1054-23 exam resources, you will cover every field and category in Oracle Financials Cloud Certification helping to ready you for your successful Oracle Certification.
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- Updated on: Oct 28, 2026
- No. of Questions: 52 Questions & Answers
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- Updated on: Oct 28, 2026
- No. of Questions: 52 Questions & Answers
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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Reporting and Analysis | - Financial Reporting
|
| Topic 2: Subledger Accounting | - Subledger to GL Integration
|
| Topic 3: General Ledger Setup | - Enterprise Structure Configuration
|
| Topic 4: Period Close Process | - Close Activities
|
| Topic 5: Journal Processing | - Journal Import and Integration
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?
- A. Financial Reporting Studio
- B. Smart View
- C. Financial Statement Generator
- D. Account Inspector
Correct Answer: A,B 🗳️
Explanation: Only visible for BraindumpsPass members. You can sign-up / login (it's free).
You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?
- A. OTBI report
- B. Financial Reporting Web Studio report
- C. Account group
- D. Trial Balance report
Correct Answer: B 🗳️
Explanation: Only visible for BraindumpsPass members. You can sign-up / login (it's free).
Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:
Note:
Prefix all your setups with 07, where 07 is your candidate ID
There is one balancing segment.
Choose the appropriate segment labels.
. For the purpose of this test there is no need to deploy the flexfield.
. Valid code combinations should be added to the Code Combination table automatically.
Shorthand aliases will not be implemented.
. Accept the defaults for the instance segments.
Correct Answer:
See the Explanation for the complete Solution.
Explanation
Here are the steps you need to follow:
Navigate to the Setup and Maintenance work area and search for the task Manage Chart of Accounts Structures.
Click on the Create icon to create a new Chart of Accounts Structure. Enter the following information:
Structure Code: 07COA
Structure Name: 07 Chart of Accounts
Description: Chart of Accounts for candidate 07
Number of Segments: 5
Click on the Next button to define the segments. Enter the following information for each segment:
Segment Number: 1
Segment Name: Company
Value Set Code: 07Corporate Company
Value Set Name: 07 Corporate Company
Maximum Size: 3
Balancing: Yes
Segment Label: Company
Segment Number: 2
Segment Name: Cost Center
Value Set Code: 07Corporate Cost Center
Value Set Name: 07 Corporate Cost Center
Maximum Size: 4
Balancing: No
Segment Label: Cost Center
Segment Number: 3
Segment Name: Account
Value Set Code: 07Corporate Account
Value Set Name: 07 Corporate Account
Maximum Size: 8
Balancing: No
Segment Label: Natural Account
Segment Number: 4
Segment Name: Product
Value Set Code: 07Corporate Product
Value Set Name: 07 Corporate Product
Maximum Size: 3
Balancing: No
Segment Label: Product
Segment Number: 5
Segment Name: Intercompany
Value Set Code: 07Corporate Company
Value Set Name: 07 Corporate Company
Maximum Size: 3
Balancing: No
Segment Label: Intercompany
Click on the Next button to review the summary and click on the Save and Close button to save the Chart of Accounts Structure.
Navigate to the Setup and Maintenance work area and search for the task Manage Chart of Accounts Structure Instances.
Click on the Create icon to create a new Chart of Accounts Structure Instance. Enter the following information:
Structure Code: 07COA
Structure Name: 07 Chart of Accounts
Description: Chart of Accounts for candidate 07
Chart of Accounts Structure: 07COA
Enabled: Yes
Allow Dynamic Inserts: Yes
Click on the Next button to review the summary and click on the Save and Close button to save the Chart of Accounts Structure Instance.
You have successfully created a Chart of Accounts Structure and Instance for the given scenario. For more information, you can refer to the following resources:
Chart of Accounts Structures and Instances
Chart of Accounts Components
Minimum Steps For Financial Enterprise Structures Configuration
Overview of Creating and Configuring Chart of Accounts Structure and Instances
You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?
- A. Smart Slices
- B. Ad Hoc Analysis
- C. Query Designer
- D. Smart Queries
Correct Answer: B 🗳️
Explanation: Only visible for BraindumpsPass members. You can sign-up / login (it's free).
The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)
- A. Intercompany Segment
- B. Primary Balancing
- C. Natural Account
- D. Cost center
- E. Secondary Balancing
Correct Answer: B,C,D 🗳️
Explanation: Only visible for BraindumpsPass members. You can sign-up / login (it's free).
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